2150 Condos 3 — Rental Market Data

2150 Condos – Phase 3 has exactly one unit actively listed as of August 31, 2026, asking $2,350 per month with a minimum, maximum, average, and median all converging on that single figure. The listing spans 650 square feet at $3.62 per square foot and is configured as a one-bedroom plus den, representing 100 percent of the building's current active inventory. With only one suite available, the active portfolio leans entirely toward a mid-size entry-plus layout rather than offering a spread across studio, two-bedroom, or executive multi-bedroom tiers.

The sole active listing at 2150 Condos – Phase 3 is a one-bedroom plus den, accounting for 100 percent of available inventory as a single-listing sample. That unit asks $2,350 per month on 650 square feet, yielding a rate of $3.62 per square foot. No studio, two-bedroom, or larger configurations are currently on the market at this address.

With only one unit listed, 2150 Condos – Phase 3 shows a minimum asking rent of $2,350 per month and a maximum of $2,350 per month, producing a dollar spread of zero and a percentage spread of zero. The entry-level and peak suite are the same unit: a one-bedroom plus den at 650 square feet and $3.62 per square foot. Because the pricing spread cannot be meaningfully calculated from a single listing, renters should reference the 90-day realized lease average of $2,533 per month and the submarket asking benchmark of $2,692 per month for broader context.

Active den premium data for 2150 Condos – Phase 3 cannot be quantified, as no paired comparison between den and non-den suites exists in the current active inventory. Marginal cost per square foot for additional den space is therefore uncalculable from available listings. Parking stall premiums also cannot be reliably isolated from the current data set, as the paired sample is insufficient to separate a consistent parking add-on from anomalous outliers; renters should request a direct quote from the leasing office for any parking spot.

The active asking rent at 2150 Condos – Phase 3 of $2,350 per month sits $342 below the Scarborough West submarket average asking rent of $2,692 per month, while the building's $3.62 per square foot rate runs 16 percent above the submarket asking benchmark of $3.12 per square foot. The nominal rent advantage is explained by suite size: the active listing at 650 square feet is notably more compact than the typical submarket offering, so the lower monthly figure does not reflect a cheaper per-square-foot deal. This building represents one out of 25 total active listings in the Scarborough West submarket, or four percent of available inventory.

2150 Condos – Phase 3 realized an average lease rent of $2,510 per month over its full leasing history, which is $190 above the four-comp blended benchmark of $2,320 and names 2150 Condos – Phase 2 and Phase 1 as the primary same-generation competitors. Against Phase 2 at 2150 Lawrence Ave E (0.03 km, 20 closed leases, $2,228 average rent, $3.72 per square foot, 603 square feet), the subject commands $282 more per month. Phase 1 at 1328 Birchmount Rd (0.1 km, 11 closed leases, $2,252 average rent, $3.21 per square foot, 725 square feet) shows a $258 monthly gap in the subject's favour. The two 1992-era peers post lower realized rents: Scarborough Fair II at 2550 Lawrence Ave E (1.64 km, 1 closed lease, $2,300 average rent, $3.07 per square foot, 750 square feet) trails the subject by $210, while Scarborough Fair I at 1470 Midland Ave (1.7 km, 3 closed leases, $2,500 average rent, $3.08 per square foot, 817 square feet) sits just $10 below the subject's average. No competitor in this set recorded zero lease transactions, so every figure cited reflects realized rental activity rather than an architectural reference.

2150 Condos – Phase 3 leases at $3.09 per square foot for an average 829-square-foot suite, positioning it below the comp average of $3.27 per square foot and above the comp mean size of 724 square feet, which means the higher nominal rent is driven by a larger interior footprint rather than a per-area premium. Against Phase 2 (603 sq ft, $3.72/sq ft), the subject trades at a $0.63 per square foot discount while providing 226 more square feet; the $282 monthly rent difference is entirely a function of the extra 226 square feet of living space, not a rate premium. Phase 1 (725 sq ft, $3.21/sq ft) shows a similar pattern: the subject offers a $0.12 per square foot discount and 104 additional square feet, so the $258 rent gap reflects the larger unit rather than stronger per-area pricing. The two 1992 Scarborough Fair buildings flip the dynamic slightly—the subject carries a marginal $0.02 per square foot premium over Phase II and $0.01 over Phase I—but the square-footage deltas (79 and 12 sq ft respectively) are modest, and the 28-year age gap in finishes and systems justifies the small rate differential. For a renter weighing these options, the subject delivers the most interior space per dollar in the immediate pocket, with the trade-off being a higher absolute monthly payment than the compact Phase 2 suites.

2150 Condos – Phase 3 fields an eleven-item amenity suite spanning aquatic, fitness, social, and outdoor categories, placing it at parity or a slight edge over its same-generation siblings while trailing the 1992 Scarborough Fair towers on one wellness feature. The subject's indoor pool, hot tub, gym, rooftop terrace, BBQ area, garden courtyard, children's playground, party lounge, meeting room, games/billiards room, and concierge security collectively cover the full lifestyle spectrum. Phase 2 at 2150 Lawrence Ave E adds a dedicated dining room and kitchen that the subject does not list, while the subject counters with a meeting room and games/billiards room absent from Phase 2's roster. Phase 1 at 1328 Birchmount Rd lacks a meeting room entirely, giving the subject a clear remote-work and small-business advantage. Both Scarborough Fair buildings include a sauna and steam room that the subject does not offer, though the subject reciprocates with a BBQ area, rooftop terrace, garden courtyard, and outdoor children's playground that neither 1992 tower provides. The net package best serves young professionals and small families who prioritize a full-service aquatic and social amenity stack, a dedicated meeting space for hybrid work, and outdoor family programming, without requiring the spa-grade wellness add-ons that the older Scarborough Fair stock carries.